[Funding News] Revfin Raises Rs 800 Cr Debt Funding Round

Revfin, an EV financing company, has thus far secured approximately Rs 800 crore in debt funding, according to Sameer Aggarwal, the CEO and Founder of Revfin.

The company anticipates raising between Rs 100 crore and Rs 150 crore in debt this month, in addition to the Rs 60 crore it raised in debt funding in August, according to Aggarwal.

Revfin intends to secure 25% of the funding through equity funding and anticipates that the remaining capital will be obtained through debt. Aggarwal stated that the company will commence its equity raise in the near future.

Revfin's platform assists independent drivers in obtaining financing to purchase and operate passenger or cargo electric vehicles (EVs) for last-mile connectivity. Additionally, the organization conducts an electric vehicle leasing enterprise.

Read also - Slikk Raises $300K Pre-Seed Funding Round from Better Capital

As part of SUN Mobility's mobility-as-a-service portfolio, the organization is procuring 15,000 vehicles valued at Rs 100 crore.

About Revfin

Founded in 2018 by Sameer Aggarwal, Revfin is an award-winning digital lender, formed to make loans convenient and accessible to financially excluded individuals.

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